Global data analytics provider Verisk has agreed to acquire ACTINEO, a claims management solutions provider.
With the acquisition, Verisk will add ACTINEO’s established claims management solutions to Verisk’s leading data analytics and insurance ecosystem, providing customers with digitalisation and medical expertise solutions throughout the entire claims process.
The agreement will enable Verisk to grow its footprint across Europe and includes ACTINEO’s majority share of the joint venture subsidiary ANTEVIS, which offers innovative digital services for the medical codification and assessment of medical malpractice injury claims in Europe.
The ACTINEO portfolio includes solutions for the procurement and coding of medical data and the medical assessment of bodily injury claims, medical billing checks, and a digital SaaS platform for bodily injury claims management.
Verisk will support the deployment of ACTINEO’s market-leading claims management solutions across Europe, while exploring opportunities to introduce other Verisk claims solutions to the same key European markets.
Olav Skowronnek, ACTINEO CEO commented: “Due to the strong alignment in both innovative technology and digital business strategy this acquisition makes perfect sense.
“We look forward to working with our new Verisk colleagues to continue to expand our solutions to customers across Europe.”
Joe Pendle, Managing Director of Claims Europe at Verisk added: “This acquisition represents another significant step into the European market for Verisk.
“Customers in this key region expect both a significant local presence and extensive domain expertise, and ACTINEO and Verisk can come together to provide both of these things.”
